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5806 US Highway 441, Okeechobee FL 34974

House Recently Sold
$540,000

BTC: 6.29958003

ETH: 203.77358491

Sold on: 2025-12-23
50 days
Waterfront
6 bds
3 ba
3,410 sqft

Overview

Excellent income-producing property with multi-family zoning and significant room for expansion! Currently generating $72,000/year in income with a NOI of $59,000, this property boasts a Cap Rate of over 10%—a rare find! The property includes a single-family home plus two additional separate rental buildings and RV spaces, all sitting on over an acre of waterfront land along the Taylor Creek Canal with direct access to Lake Okeechobee and the ocean. Recent upgrades include a new electric system, new well, and a 15-year silicone-coated roof for low-maintenance durability. Whether you're looking for a solid investment opportunity or a primary residence with income potential, this property checks all the boxes. Don’t miss out!

Location

Details

Type:
Residential
Parking:
Driveway
Year Built:
1997
Lot:
51008 Square Feet
Heating:
Central
Price/sqft:
$167
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$6,877
2024
View
Canal, Canal View
Waterfront
Canal Front, Canal Width 1-80 Feet
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dryer

    • Water Purifier

    • Electric Range

    • Gas Range

    • Refrigerator

    • Self Cleaning Oven

    • Wall Oven

    • Washer

    • Water Softener/Filter

    Other interior features

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 6

    • Full bathrooms: 3

  • Parking

    • Driveway

    Property

    • Levels: 1

    • Exterior Features: Other

    Lot

    • Lot: 51008 Square Feet

    Other Property Information

    • Parcel Number: R10638360A0000008A000

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Other financial information

    • Annual tax amount: $6,877

  • Source details

    • MLS ID: F10528626

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: 1 To Less Than 2 Acre Lot

    • Direction Faces: West

    • Other Structures: Livable

    • Architectural Style: One Story

    • Waterfront: Yes

    • Living Area: 3410

    • Subdivision Name: Okeechobee

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: RE/MAX Select Group